Rupee weakens as Gulf tensions escalate
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹95.43
- from its previous
- 20 paise
- hovering near
- $113 per barrel
The Indian rupee opened weaker at ₹95.43 against the US dollar, down 20 paise from its previous close. This decline follows renewed military tensions in the Gulf, particularly between the US and Iran, prompting a flight to safe-haven assets. Rising crude oil prices, hovering near $113 per barrel, further pressure the rupee amid concerns for oil-importing economies like India.
Not investment advice. For informational purposes only.